Competition Bureau says home insurance data could unlock $3.83 billion

The report argues knowledge portability might have broader functions past insurance coverage – from transferring social media content material reminiscent of photographs and connections between platforms to transferring an in‑progress online game to a different service. It additionally comes because the federal authorities works on making monetary knowledge transportable by open banking, with the objective of safer knowledge sharing with instruments reminiscent of budgeting apps and, doubtlessly, simpler switching of monetary accounts.